Elliptic Labs
Financials
Estimates*
NOK | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 38.0m | 30.2m | 54.6m | 52.1m | 68.3m | 150m | 342m |
% growth | - | (20 %) | 81 % | (5 %) | 31 % | 120 % | 127 % |
EBITDA | (9.8m) | (7.4m) | (3.6m) | (26.7m) | (35.1m) | 40.1m | 183m |
% EBITDA margin | (26 %) | (25 %) | (7 %) | (51 %) | (51 %) | 27 % | 54 % |
Profit | (13.3m) | (12.5m) | (11.2m) | (33.0m) | (38.0m) | 18.6m | 127m |
% profit margin | (35 %) | (41 %) | (21 %) | (63 %) | (56 %) | 12 % | 37 % |
EV / revenue | - | 40.0x | 49.1x | 40.9x | 24.8x | 8.6x | 3.8x |
EV / EBITDA | - | -163.1x | -747.8x | -79.6x | -48.4x | 32.3x | 7.1x |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | Angel | ||
N/A | $5.5m | Early VC | |
N/A | $8.5m | Grant | |
€2.2m | Grant | ||
N/A | €3.1m | Grant | |
N/A | $26.0m | Early VC | |
NOK15.0m | Grant | ||
N/A | N/A | IPO | |
N/A | $13.5m | Private Placement non VC | |
Total Funding | €43.3m |
Related Content
Recent News about Elliptic Labs
EditElliptic Labs is a global AI software company specializing in virtual smart sensors. These sensors use artificial intelligence to detect various physical phenomena such as heartbeat, breathing, proximity, presence, and touch-free gestures. Essentially, Elliptic Labs' technology allows devices to understand and respond to their surroundings without the need for physical sensors.
The company operates in the technology and electronics market, serving a diverse range of clients including PC manufacturers, smartphone makers, and companies involved in the Internet of Things (IoT). One of their notable collaborations is with Intel Corporation, where they integrate their AI Virtual Smart Sensors into Intel-based PCs and IoT devices. This partnership helps to enhance the functionality and user experience of these devices by adding advanced sensing capabilities.
Elliptic Labs' business model revolves around licensing its AI software and intellectual property to device manufacturers. This means they make money by charging these manufacturers a fee to use their technology in various products. By doing so, they enable their clients to offer more advanced and intuitive devices to end-users.
The company is headquartered in Norway but has a global presence, with offices in the USA, China, South Korea, Taiwan, and Japan. This international footprint allows them to serve a wide array of clients and tap into various markets around the world.
In summary, Elliptic Labs is at the forefront of AI-driven sensor technology, providing innovative solutions that enhance the capabilities of electronic devices. Their collaboration with major tech companies like Intel underscores their influence and potential in the industry.
Keywords: AI, sensors, virtual, proximity, heartbeat, breathing, touch-free, Intel, IoT, global.